In any case, he blew $150 million. $150,000,000. ONE HUNDRED AND FIFTY MILLION DOLLARS.

That is downright ridiculous.

It doesn't really change the point, but that number is likely pre-tax. In other words, he probably blew about $60 to 70 million, and donated the rest to various governments... who then pissed it away as though they were professional athletes.

Iverson purchased a $4.5 million mansion while he was already struggling financially, probably not the wisest decision. The house recently went into foreclosure.

Everyone remembers how blinged out AI used to be back in his prime. Well, Iverson also owes over $850,000 to a jewelry company.

Although he is in serious debt, Iverson currently owns a fully paid off Maybach. Such luxurious vehicles run between $300k - $400k. Perhaps Iverson could sell that car, and use the money to pay off some of his other absurd debts? Just a suggestion.

During his high profile NBA career, Iverson reportedly hated luggage, so he would actually buy new clothes on road trips. It probably sounded like a good idea at the time, but he is likely regretting it today.

Instead of using this product called Tide, Iverson supposedly spent $1,000 a month on laundry. Again, it is understandable that he had to maintain his swagged out image, and doing your own laundry takes time, but c’mon man!

We’ve all been there, walking down the aisles of our local grocery store, deciding what items we would like to purchase, and what we should pass on. Well, it seems as if Iverson didn’t pass on anything (just like during his playing career). AI allegedly spends $10,000 on groceries a month. For someone who was 6’0’’, 165 pounds during his playing career, that is rather impressive.

As if $10,000 on groceries wasn’t enough, AI also spends $10,000 a month on restaurants. Who knows where and what he is eating, but nobody needs to be blowing that much on food.

During his time in Denver, Iverson spent a lot of time (and money) on bottle service at nightclubs in the Mile-High City. Prices of bottles ranged from a variety of prices, “lower priced” options included Malibu coconut rum for over $100, while top shelf champagne such as Cristal and Dom Perignon ran around $700. Assuming AI was making a few appearances at such nightclubs a few times a week, it is understandable how Iverson could be doing so poorly financially today.

It doesn't really change the point, but that number is likely pre-tax. In other words, he probably blew about $60 to 70 million, and donated the rest to various governments... who then pissed it away as though they were professional athletes.

True, but he made that $150M he purely from his NBA contracts. He also had a ton of sponsorships back in the day, so he probably burned through more than $150M in total. That's just insane.

I actually feel sorry for the guy. He never grew up and looks like he had no one around him who had a clue either. If I owned a sport franchise, Jamal Mashburn Business 101 courses would be mandatory as a condition to signing any contract with my team.

I don't necessarily feel bad for him because he did this to himself. Like Windu said, a lot of people can't handle success. He didn't make smart decisions and that's the bottom line.

You have to respect AI's game, but his arrogance and ego when his game was declining were the reasons he left Memphis and why we haven't seen him in the NBA since. Dude STILL think he's 2001 Iverson, and won't take a bench role.

His poor decisions and bad attitude have a lot to do with his troubles right now. Dude could still probably be a decent bench player but he doesn't want to even give it a shot. If Gary Payton could come off the bench, AI can too.